2019 House Bill 4929 / 2020 Public Act 197

Revise "personal property tax" details

Introduced in the House

Sept. 10, 2019

Introduced by Rep. Tenisha Yancey (D-1)

To revise details of a “Local Community Stabilization Authority” created as part of a 2016 reform of property taxes that are levied on business tools and equipment (called the “personal property tax”). This authority is part of a complex system of exemptions and subsidies for the property taxes that are levied on business tools and equipment (called the “personal property tax”).

Referred to the Committee on Tax Policy

Oct. 2, 2019

Reported without amendment

Refer to the Committee on Ways and Means.

Referred to the Committee on Ways and Means

Jan. 21, 2020

Reported without amendment

Without amendment and with the recommendation that the bill pass.

Feb. 5, 2020

Passed in the House 91 to 14 (details)

Received in the Senate

Feb. 6, 2020

Referred to the Committee on Finance

Sept. 10, 2020

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

Sept. 23, 2020

Passed in the Senate 36 to 1 (details)

To revise details of a “Local Community Stabilization Authority” created as part of a 2016 reform of property taxes that are levied on business tools and equipment (called the “personal property tax”). This authority is part of a complex system of exemptions and subsidies for the property taxes that are levied on business tools and equipment (called the “personal property tax”).

Received in the House

Sept. 24, 2020

Passed in the House 92 to 13 (details)

Signed by Gov. Gretchen Whitmer

Oct. 15, 2020